The end of neoliberal history -: the future of economics

The future of economics needs discussion both negatively, as the denial of neoliberal perspective, and positively as a science that is able to handle the historic welfare-freedom-culture paradox. The authors state that this alternative is political economy, which they define as a science searching for materialisation of social visions in the economic sphere. This tradition dates back to ancient cultures and does not coincide with the present usage of political economy. The article discusses the political economy of the information age and beyond. The core idea is that the human alternative of ongoing technological changes executes long run visions of mankind: co-existence of freedom and welfare under cultural leadership in a global scale. (C) 2003 Elsevier Science Ltd. All rights reserved.